investor exits Bilfinger fund
04/06/2021 17:21
FRANKFURT, June 4 (Reuters) - Swedish activist investor
Cevian Capital on Friday said one of its funds had slightly
reduced its stake in German industrial services provider
Bilfinger GBFG.DE following a co-investor exit.
Cevian said its co-investment fund Cevian Capital II
Co-Investment Fund LP had cut its holding in Bilfinger to 2.93%
from 3.63%.
"This sale is a consequence of co-investment capital coming
to the end of its term, and is the result of a trading mandate
issued on May 20, 2021," Cevian said, not naming the
co-investor.
"The current disclosure relates solely to the co-investment
vehicle and the main holding remains unchanged."
Cevian holds 26.1% in Bilfinger, a stake worth 305 million
euros ($371 million) based on the group's market capitalisation,
making it Bilfinger's largest shareholder.
($1 = 0.8218 euro)
(Reporting by Christoph Steitz; editing by Jonathan Oatis)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))